Browsing 2018 MU dissertations - Freely available online by Title "Are dividends and share repurchases substitutes? : evidence from the reaction of financial analysts"
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Are dividends and share repurchases substitutes? : evidence from the reaction of financial analysts
(University of Missouri--Columbia, 2018)In this study, I propose a novel test that can contribute towards resolving whether repurchases do in fact substitute for dividends. I contend that using the reactions of financial analysts to announcements of dividends ...